Asia Carbon Industries Inc
Asia Carbon Industries, Inc., through its subsidiaries, engages in manufacturing and selling carbon black products in the People's Republic of China. The company offers N220, a hard carbon black, primarily used in the manufacturing of automobile tires; N330, a hard carbon black, which is used in manufacturing sides of automobile tires; and N660, a soft carbon black, used for the production of aut… Read more
Asia Carbon Industries Inc (ACRB) - Net Assets
Latest net assets as of June 2013: $37.44 Million USD
Based on the latest financial reports, Asia Carbon Industries Inc (ACRB) has net assets worth $37.44 Million USD as of June 2013.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.62 Million) and total liabilities ($3.19 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $37.44 Million |
| % of Total Assets | 92.15% |
| Annual Growth Rate | 39.89% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 9.31 |
Asia Carbon Industries Inc - Net Assets Trend (2009–2012)
This chart illustrates how Asia Carbon Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asia Carbon Industries Inc (2009–2012)
The table below shows the annual net assets of Asia Carbon Industries Inc from 2009 to 2012.
| Year | Net Assets | Change |
|---|---|---|
| 2012-12-31 | $35.57 Million | +27.07% |
| 2011-12-31 | $27.99 Million | +46.31% |
| 2010-12-31 | $19.13 Million | +47.27% |
| 2009-12-31 | $12.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Carbon Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 195.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2012)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $22.86 Million | 64.27% |
| Common Stock | $52.86K | 0.15% |
| Other Comprehensive Income | $5.97 Million | 16.78% |
| Other Components | $6.69 Million | 18.81% |
| Total Equity | $35.57 Million | 100.00% |
Asia Carbon Industries Inc Competitors by Market Cap
The table below lists competitors of Asia Carbon Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kinbasha Gaming International Inc
PINK:KNBA
|
$0.96 |
|
1st NRG Corp
PINK:FNRC
|
$0.96 |
|
CTPartners Executive Search Inc
PINK:CTPR
|
$0.96 |
|
WQN Inc
PINK:WQNI
|
$0.96 |
|
Green Mountain Devel
PINK:GMND
|
$0.96 |
|
Western Pacific Minerals Ltd
PINK:WPMLF
|
$0.96 |
|
Southern Home Medicl
PINK:SHOM
|
$0.96 |
|
Santaro Interactive Entertainment Company
PINK:STIE
|
$0.96 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Carbon Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2011 to 2012, total equity changed from 27,993,217 to 35,570,865, a change of 7,577,648 (27.1%).
- Net income of 6,453,248 contributed positively to equity growth.
- Share repurchases of 250,015 reduced equity.
- Other comprehensive income increased equity by 3,131,600.
- Other factors decreased equity by 1,757,185.
Equity Change Factors (2011 to 2012)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.45 Million | +18.14% |
| Share Repurchases | $250.01K | -0.7% |
| Other Comprehensive Income | $3.13 Million | +8.8% |
| Other Changes | $-1.76 Million | -4.94% |
| Total Change | $- | 27.07% |
Book Value vs Market Value Analysis
This analysis compares Asia Carbon Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $0.31 | $0.00 | x |
| 2010-12-31 | $0.39 | $0.00 | x |
| 2011-12-31 | $0.55 | $0.00 | x |
| 2012-12-31 | $0.68 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Carbon Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.14%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.05%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.12x
- Recent ROE (18.14%) is below the historical average (21.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 22.98% | 14.46% | 1.24x | 1.28x | $1.69 Million |
| 2010 | 17.11% | 11.03% | 1.17x | 1.33x | $1.36 Million |
| 2011 | 26.12% | 14.88% | 1.43x | 1.23x | $4.51 Million |
| 2012 | 18.14% | 14.05% | 1.15x | 1.12x | $2.90 Million |
Industry Comparison
This section compares Asia Carbon Industries Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $8,479,332,792
- Average return on equity (ROE) among peers: -16.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Carbon Industries Inc (ACRB) | $37.44 Million | 22.98% | 0.09x | $0.96 |
| AirBoss of America Corp (ABSSF) | $37.88 Million | 4.86% | 1.22x | $57.06 Million |
| Aimia Inc (AIMFF) | $1.33 Billion | 12.47% | 2.95x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $25.04 Billion | 12.29% | 0.93x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $6.31 Billion | 13.19% | 1.57x | $9.73 Billion |
| Albemarle Corp (ALB) | $9.78 Billion | -5.22% | 0.67x | $19.47 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $33.22 Billion | -32.85% | 2.09x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $22.64 Million | -123.97% | 0.68x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $544.00 Million | 9.23% | 0.58x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $28.52 Million | -34.80% | 0.69x | $212.84 Million |